Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Sold by Barclays PLC

Barclays PLC trimmed its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 54.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 216,564 shares of the company’s stock after selling 255,201 shares during the period. Barclays PLC owned 0.07% of Petco Health and Wellness worth $985,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WOOF. Rhumbline Advisers boosted its position in shares of Petco Health and Wellness by 69.3% in the second quarter. Rhumbline Advisers now owns 126,631 shares of the company’s stock worth $479,000 after acquiring an additional 51,840 shares during the last quarter. Choreo LLC acquired a new position in shares of Petco Health and Wellness in the 2nd quarter valued at $45,000. American Century Companies Inc. grew its stake in shares of Petco Health and Wellness by 50.6% during the 2nd quarter. American Century Companies Inc. now owns 142,036 shares of the company’s stock valued at $537,000 after buying an additional 47,750 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Petco Health and Wellness by 124.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,128,038 shares of the company’s stock worth $4,264,000 after buying an additional 624,338 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Petco Health and Wellness in the 2nd quarter worth $78,000.

Petco Health and Wellness Price Performance

WOOF stock opened at $3.81 on Wednesday. The stock’s 50 day moving average is $4.25 and its two-hundred day moving average is $3.95. Petco Health and Wellness Company, Inc. has a 52-week low of $1.41 and a 52-week high of $6.29. The company has a market capitalization of $1.19 billion, a PE ratio of -9.53 and a beta of 1.90. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40.

Wall Street Analyst Weigh In

WOOF has been the subject of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research note on Friday, December 20th. Morgan Stanley lifted their target price on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Wedbush upped their price target on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company upped their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.25.

Petco Health and Wellness Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.